Phoenix Business Journal: 5 Things To Remember When Drafting A Severance Agreement
Shayna Balch, partner in the Phoenix office, was a guest blogger for the Phoenix Business Journal on July 1, 2014.
In the post, she emphasizes there are several elements employers need to be aware of when drafting severance agreements when a company downsizes or no longer needs an employee’s skill set.
Shayna provides five considerations that all human resource managers should consider before asking an employee to sign on the dotted line.
1. One size does not fit all
2. Stopping the negatives
3. Adequate consideration is required
4. In some cases, include a no-rehire provision
5. When in doubt, seek counsel
Click here to read the full article.